John takes out a 3 year 6000 loan at 5 interest compounded
John takes out a 3 year, $6000 loan at 5% interest, compounded annually, that requires annual interest payments and equal annual payments of principal. Create a time line that shows all cash flows for this investment.
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kim borrows 10000 for 3 years which requires annual payments of interest only until maturity the rate is 10 compounded
john takes out a 3 year 6000 loan at 5 interest compounded annually that requires annual interest payments and equal
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